The recovery from the housing crisis of the Great Recession has proven uneven in more ways than one. One not insignificant feature: less lending to minority homebuyers.
Bing Bai, Sheryl Pardo, and Karan Kaul provide insight into recently released Home Mortgage Disclosure Act data (HMDA) on 6 million loans made in 2014.
The takeaway that headlines the analysis: "minority borrowers still lag behind in the post-crisis recovery."
The article provides more on that trend: "Minority households were locked out of the post-recession recovery partly due to the tight lending standards as they tend to have lower income and weaker credit profiles. More recently, some progress has been made to open up the credit box and our credit availability index shows that access to credit has started to slowly increase since late 2013."
The article includes several varieties of infographics to illustrate its points. To explore the data further, see also the Urban Institute's interactive map "that now shows 14 years of mortgage originations by race and ethnicity, from 2001 to 2014." The demographic data presented by the Urban Institute follows a similar narrative presented by recent geographic analysis by the Center for American Progress.
FULL STORY: Despite progress, minority borrowers still lag behind in the housing recovery
Latinos Buoy a Sagging Homebuying Market
Minorities were hardest hit by the foreclosure crisis of the Great Recession. Latinos are now helping keep the housing market afloat.
Institutional Investors Gaining a Larger Footprint in the Housing Market, Report Says
The locations with the fastest growing populations are seeing the most dramatic increase in investor-owned single-family housing rentals.
Wall Street Suddenly Buying Fewer Single-Family Homes
Rising interest rates are having a major effect in the housing market—including on the large institutional investors who spent much of the past couple of years buying up single-family homes.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
The state-sanctioned urbicide of Austin
People don’t kill cities. Freeways do.
US to reduce Colorado River water deliveries to Mexico
A new Colorado Treaty amendment reduces Mexico’s Colorado River water allocation by 250,000 acre feet.
LA Metro’s ultimatum: no extra buses for LA28 if federal funding isn’t imminently secured
If Metro does not provide additional buses, LA28 organizers will have to find a new way to manage Olympic traffic. LA28’s budget does not include a line item for transit.
Colorado’s Largest Data Center Could Rise Next to Homes — Without a Public Hearing
The proposed campus would consume 11 times the power of Denver International Airport; as it has across the country, opposition mounts.
5 New England states march closer to 800 megawatt wind energy project
Securing federal approval for the project may be complicated under the Trump administration, which has historically been hostile towards domestic wind power.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
Eagle County Government
Harvard University Graduate School of Design
Nashville Planning Department
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello
Journal of the American Planning Association